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The United States economy is experiencing a moderate economic downturn. The Republican President has addressed the downturn using stereotypical Republican methods. The economy failed to improve significantly, although there WAS some improvement. During the next election, the American electorate felt that it was time for a change in the way Washington was handling our economy and elected a Democratic President. This new President approached our country's macroeconomic instability in a stereotypical Democratic manner. This new economic policy did not significantly improve the economy either and the American electorate is extremely unhappy. YOU are running for President of the United States as an Independent candidate so that you are not forced into adopting an economic policy based on partisan reasoning. Assuming that you are very charismatic and can get all branches and agencies of government to enact your policies, how would YOU address the problems? Please explain and use graphs to illustrate the following: 1. The original macroeconomic problem using an AD/AS graph. 2. What policy did the Republican President use to address the issue? 3. Illustrate and explain the results of the Republican's policy on AD, AS, and GDP. 4. Illustrate and explain the macroeconomic problem facing the Democratic President as they took office. 5. What policy did the Democratic President use to address the issue? 6. Illustrate and explain the results of the Democrat's policy on AD, AS, and GDP. 7. Illustrate and explain the macroeconomic problem YOU are facing as you took office. 8. What policy did YOU use to address the issue? 9. Illustrate and explain the results of YOUR policy on AD, AS, and GDP. 10. Explain why YOUR policy worked when the other policies did not.
Suppose a second firm enters the market. let Q1 be the output of the first firm and Q2 be the output of the second. What is the profits of each firm as functions of Q1 and Q2.
Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.
Also that would you considers more likely, to longer-term- U.S. government bonds have a high interest rate than short-term U.S. government bonds or vice versa.
If the marginal revenue from a product is $15 and the price elasticity of demand is ?1.2, what is the price of the product?
Suppose that tax and aggregate expenditur income for an economy. Illustrate what is the change in taxes cause by an increase in government spending.
When the farmer makes this discovery, what happens to the opportunity cost of wheat, measured in bushels of corn?
Compute what happens to the quantity of K. Your answer must include the appropriate sign. Correctly round your answer to 2 decimal places. Do NOT include the percent sign as part of your answer.
Illustrate why did official money lose its meaning in Germany during the 1920s. What did the German government do or not do.
Which of the subsequent correctly describes an external benefit resulting from A person's purchase of flu shots from a doctor.
A monopolist faces a demand curve given by P=105-3Q P is price, Q is quantity demanded. Marginal cost of production is $15.00. No fixed costs. Explaim how much output in order to maximize profit.
Pocoyo bakes cookies also Pato grows vegetables. In which of the subsequent cases is it impossible for both Pocoyo also Pato to benefit from trade.
Using the concept of opportunity cost also PPF explain the phrase affluence tomorrow requires sacrifices today
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